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FY2020 average occupancy for hotels fell 4 percentage points to 85.1%, leading to a 47.2% y-o-y decline in ADR of $84. FY2020 RevPAR fell 50% y-o-y to $71. 2HFY2020 average occupancy for serviced residences fell 1.1 percentage points to 84.9%, while the ADR fell 18.2% y-o-y to $180. Revenue per available unit (RevPAU) for serviced residences for the 2HFY2020 fell 19% y-o-y to $153. The average occupancy for serviced residences in FY2020 increased 0.3 percentage points to 83.8%, while ADR fell 12.4% y-o-y to $190.
SEE: Far East Hospitality Trust bolstered by transient demand and its master lease: Maybank
As such, income available for distribution for the 2HFY2020 fell 29.5% y-o-y to $27.5 million. Income available for distribution in FY2020 stood 35.2% lower y-o-y at $47.9 million.